Holding(s) in Company

SCHEDULE 10                                  
                                                                               
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES                   

1. Name of company

The Throgmorton Trust PLC                                                      

2. Name of shareholder having a major interest

British Airways Pensions Trustees Limited                                      

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

Shareholder in (2) above                                                       

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Not disclosed                                                                  

5. Number of shares / amount of stock acquired

Nil                                                                            

6. Percentage of issued class

Nil                                                                            

7. Number of shares / amount of stock disposed

Not Advised                                                                    

8. Percentage of issued class

Not Advised                                                                    

9. Class of security

5p Ordinary shares                                                             

10. Date of transaction

21 September 2004                                                              

11. Date company informed

21 September 2004                                                              

12. Total holding following this notification

Holding no longer notifiable                                                   

13. Total percentage holding of issued class following this notification

Holding no longer notifiable                                                   

14. Any additional information

15. Name of contact and telephone number for queries

Eleanor Cranmer                                                                
                                                                               
020 7330 6680                                                                  

16. Name and signature of authorised company official responsible for making
this notification

Eleanor Cranmer                                                                

Date of notification

21 September 2004                                                              

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